Israel’s EcoMotion highlights GM, Red Hat tie-up
TEL AVIV, Israel — When General Motors opened its Israeli R&D center in 2008, it was a lonely outpost on the automotive landscape.
Today, more than 30 automakers and major suppliers have permanent offices and major tech centers in the country, and they are just a part of the auto-tech realm that includes hundreds of companies.
According to organizers of EcoMotion, an annual mobility event that marked its 10th anniversary last week, there are 670 transportation companies active in Israel, 27 of which have raised approximately $5.5 billion in initial public offerings over the past decade.
EcoMotion, a joint venture of the Israel Innovation Institute and government agencies, returned to its in-person roots last week after a COVID-19-related hiatus. More than 100 companies exhibited their technologies for about 3,000 people from 40 countries.
Topics ranged from electric vehicles to cybersecurity, in-cabin sensing and software. As it has been from the start, General Motors was at the forefront.